Sector Update: Consumer Stocks Decline Pre-Bell Thursday

Consumer stocks were declining pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.2% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.1%.Simply Good Foods (SMPL) stock was down more than 25% after the company posted lower fiscal Q2 adjusted earnings and net sales, and cut its fiscal 2026 net sales outlook.British American Tobacco (BTI) said it has appointed Dragos Constantinescu as chief financial officer and executive director, effective Sept. 1. British American Tobacco shares were down more than 2% premarket.Walt Disney (DIS) is preparing to lay off as many as 1,000 employees in the coming weeks, The Wall Street Journal reported, citing people familiar with the matter. Walt Disney stock was 0.6% lower pre-bell.

-- Consumer stocks were declining pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.2% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.1%.

Simply Good Foods (SMPL) stock was down more than 25% after the company posted lower fiscal Q2 adjusted earnings and net sales, and cut its fiscal 2026 net sales outlook.

British American Tobacco (BTI) said it has appointed Dragos Constantinescu as chief financial officer and executive director, effective Sept. 1. British American Tobacco shares were down more than 2% premarket.

Walt Disney (DIS) is preparing to lay off as many as 1,000 employees in the coming weeks, The Wall Street Journal reported, citing people familiar with the matter. Walt Disney stock was 0.6% lower pre-bell.